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Credit: Patrick Langwallner

iMOVE Cooperative Research Centre (CRC) has announced a funding program of $1 million for Australian companies to accelerate the development of technology, products, and services in the transport sector.

iMOVE’s Impact Extension Program (IEP) is a strategic initiative designed to facilitate the introduction of innovative ideas, products, and services into the market, specifically those that align with iMOVE’s existing research programs. The primary objective is to bridge the gap between research and practical application in the transport sector.

The program welcomes participation from any company possessing an Australian Business Number (ABN), irrespective of whether they have a formal partnership with an academic institution. This inclusivity ensures that all Australian businesses, regardless of size or industry affiliation, can contribute their ideas equally. It is an open call for these companies to present their unique concepts and solutions, with the two most outstanding transport sector innovations being awarded a generous grant of $500,000 each.

One of the distinctive features of this program is that companies are not limited to a single application. They are encouraged to submit multiple proposals, enabling them to showcase all of their best research and development (R&D) ideas. This flexibility allows for a broader exploration of potential breakthroughs and maximises the chances of success.

With a budget of $1 million, the direct-to-company funding program aims to significantly amplify the impact already generated by iMOVE under the Australian Government’s Cooperative Research Centres (CRC) program. This initiative seeks to drive innovation, accelerate development, and foster collaboration between industry and research institutions by injecting additional financial resources into the transport sector.

iMOVE CRC managing director Ian Christensen said iMOVE’s goal is to spur the development of solutions that promise to reshape the national transport and mobility landscape.

“Many ideas and research inside Australian companies are not fully realized due to lack of resources. The iMOVE Impact Extension Program aims to overcome these hurdles, turning ambitious ideas into reality and benefiting society through advancements in transport and mobility.”

To be eligible, projects must align with iMOVE’s research areas and demonstrate a credible pathway to implementation that will achieve a substantial impact in the sector.

Applications close at 5 pm on June 30, with application materials and terms and conditions available at https://imoveaustralia.com/news-articles/intelligent-transport-systems/iep-announcement/

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Yajush Gupta

Yajush Gupta

Yajush is a journalist at Dynamic Business. He previously worked with Reuters as a business correspondent and holds a postgrad degree in print journalism.

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